Labour manifesto all about wealth creation - Starmer

Well it would be a first to be personally better off under a labour government

Labour are better at handing the economy.

Over the past century of governments, the Conservatives achieved slightly higher mean growth per quarter (0.62% vs 0.56%), Labour achieved a slightly higher median (0.62% versus 0.58%). In other words, when you add together all the quarterly growth numbers of both parties and divide them by the number of quarters in question, the Conservatives come out on top. But when you take the middle number of each parties’ quarterly growth figures, Labour comes out on top. Incidentally, this analysis does not include the impact of COVID on the economy – including that makes Labour’s performance look better.

theconversation.com/labour-are-much-better-at-running-the-economy-than-voters-think-new-research-162368

t’s fair to say that GDP was generally better under Labour, but only up until the financial crisis. Of course, the crisis was a global phenomenon that would have hit Britain no matter which party was in government. But critics say Labour could have done more to limit the impact.

Since then, growth has slowed significantly under the Conservatives. But whether this is because of government policy, or the continuing repercussions of the financial crash, is up for debate.

GDP is widely seen as one the most important ways to assess economic prosperity, attempting to measure the overall state of the country’s finances in a single number. It’s a good starting point but, by it’s nature, it doesn’t show us the nuances and details.

Earnings and income inequality
Again, this is heavily affected by the global financial crisis, so using this as a measure of a government’s success is tricky.

Statistically, the Conservatives have presided over a far slower growth in earnings than Labour, on average. Median gross annual earnings grew by an average of £638 in the six Labour years from 2005-2010 (inclusive). Then, under the Conservatives, they grew by an average of just £389 per year between 2011-2016.

But the worst year since the nineties was in 2010, when median gross earnings rose by just 0.3 per cent. This was a crossover year, when the the government switched from Labour to Conservative.

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who can argue with that

We need a major revamp of everything. Can a watch fix itself?, let me answer that......NO.

The Tories are finished, when Labour take over the electorate will realise that Labour are worse, where then?

The knackers yard.

We need new blood, new thinking, not damaged idiocy.

That is what I am afraid of - at the moment every policy announcement has been harmful to growth in the economy, so they would need to pull some rabbits out of the that hat to start growth moving.

Quelle surprise. Just Labour doing what Labour always do.

Just another entry for the booker award for fiction.